MarketHero is a new startup, currently in alpha, hoping to bridge the gap between the Indian stock market and Web 2.0.
Here’s how it works:
On signing up, each user gets Rs. 10 lakhs in virtual currency. You can buy – sell stocks traded on BSE and build a virtual portfolio. The ask – bid prices are actual, delayed quotes from the Bombay Stock Exchange. The idea is to understand market movements and share knowledge amongst the community.
Of course, ones with the most successful portfolios get bragging rights and listed on the ‘Hero Meter’.
I do have one suggestion for the MarketHero team – stop branding yourself as a ‘Online Indian Stock Game’ if your goal is to evolve into a social investment site (or something bigger).
Its great to see some innovation is this space finally – its about time we disposed off the crappy Moneycontrol. Bollywood, cricket and Share market – these are the three things that have wide, mass appeal in India. The former two already have hordes of players while the latter is still waiting to be conquered.
Here’re some additional recent initiatives in the stock market games market: